APAC markets a mixed bag; commodity price swings in focus

The equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space.

In Japan, the Nikkei 225 closed near the flatline at the end of day’s trade – down 19 basis points at the time of filing this copy. On the other hand, Japan’s Topix index slipped by 75 basis points.

During the day, the Japanese Central Bank – the Bank of Japan – announced it will hold steady on monetary policy as well as an extension of the duration of its pandemic relief program.

In Mainland China, stocks shrugged off early morning losses, with the Shanghai composite up 15 basis points lower while the Shenzhen component was trading at gain of 45 bps. In the Chinese Autonomous territory, Hong Kong’ Hang Seng index rose 95 bps.

In Australia, the ASX200 closed the day at a gain of 13 bps.

South Korea’s KOSPI traded up by 27 bps.

Morgan Stanley Capital International’s Asia-Pacific index slipped 65 bps.

Investors on Friday watched for market moves in the commodities space after China took steps to curb the rising prices.

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